Euro, Pound in Short. Yen in Long Setups Within Range

Euro: On the daily, the euro is in measured moves short from its extension short from 1.43185, with a target at 1.392. The euro came 40 pips away from its target and has bounced and is in dirty measured moves long. The next short setup is at 1.41307, from the anchor at 1.4293, with a target at 1.3892. The daily pivot is at 1.40505 and is currently acting as support. This is seen clearly on the 15 minute chart.

Pound: On the daily, the pound broke its range and then reacted at the next full traditional long 50% at 1.60446, before hitting its target at 1.60086. Have to watch this area carefully.

Yen: On the daily, the yen is in measured moves long within its range. The next long setup at 81.268, with a target at 82.664 takes the yen to the full traditional 50% short within the range at 82.537.




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